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Can Some Please Help Me! On the 3rd of May the RBA increased the official cash rate by 0.25%. The current official cash rate as

Can Some Please Help Me!

On the 3rd of May the RBA increased the official cash rate by 0.25%. The current official cash rate as determined by the Reserve Bank of Australia (RBA) is 0.35%. Explain to Jaleel What are the channels through which the cash rate influences Monetary policy and how does the monetary policy transmit (contributes) to the overall economy?

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